Ford affirms 2017 to be less profitable than 2016

Ford Motor Co on Tuesday confirmed that it would be less profitable in 2017 than last year, even as cross town rival General Motors Co on the same day gave a much more upbeat forecast that surpassed Wall Street expectations. Ford, the second largest U.S. automaker, affirmed that it was on track to deliver about $10.2 billion (£8.4 billion) in adjusted pretax profit in 2017, matching a forecast it gave previously.. Ford shares initially rose 0.5 percent in extended trading but by early Tues